American nuclear tech firm NuScale, which is majority owned by Fluor Corporation, is now seeking for partnerships to commence its plan of introducing its own brand of small modular reactor (SMR) technology in the United Kingdom.

The company is currently developing
this innovative reactor technology with a $217 million-worth
cost-sharing award from the US Department of Energy (DOE). By 2016,
the company would seek for design certification in the aim of
manufacturing its very first operational unit in 2023. It said that
it plans to have the first 50 MW reactor unit in service in Idaho
with Utah Association of Municipal Power Systems as its initial
prospective customer.

In
Focus

We want to replicate this timetable in
the UK. NuScale is going to pursue a UK venture, I can be clear about
that. We're scoping out possible sites, and our smaller footprint
means we can look beyond the usual suspects," NuScale chairman and
CEO John Hopkins told World Nuclear News.

Britain, according to Hopkins, has a
promising market for nuclear technologies, and expanding in this area
will help the company's product reach its full potential. It will
also help the UK government to cut expenses on its existing nuclear
projects.

measures 65ft (19.8m) tall by 9ft
(2.75m) in diameter. One of its many unique characteristics is that
it utilizes no pumps but instead used coolant circulated only by
convection. It also has a passively-cooled pressurized water reactors
akin to that of nuclear submarines.

Hopkins added that it has a single
power station with up to 11 other modules that would give it a total
thermal capacity of 600MW, which is way smaller than what is
currently being utilized in the United Kingdom.

Current nuclear new-build projects in
the country are based on building reactor units in excess of 1000 MWe
capacity, while NuScale units has only 50 MW each, which are
factory-made and can be combined in groups of up to 12. "Our
technology is smaller, scalable, easier to finance, quicker to build
and easier to mix with renewables," explained Hopkins.

Thunder Energies Corporation (OTCQB:
TNRG), another US based company, believes in the importance of
utilizing nuclear technology in developing useful equipment for the
advancement of science. The company's nuclear technology is the
first in history that could produce the desired flux of neutrons with
the desired energy anywhere and anytime desired via a remotely
operated touch screen control.

This revolutionary nuclear technology
is among the company's array of groundbreaking inventions. Just
this year, it unveiled the Santilli Telescope, the very first optical
equipment for space exploration that could detect antimatter light,
an elusive negative matter particle that has long been considered
"nonexistent" or "difficult to prove" by many scientists
including Galileo, Newton, and Einstein.

The global nuclear reactor market

According to the "latest data from
Research and Markets, the focus on research and developments on
nuclear power is continuously improving and growing in various
countries such as Russia, China, the UK, the US, and even India. The
report revealed that the global nuclear reactor construction market
is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.22
percent from 2014-2019. Driving the growth are independent companies
building their own nuclear technology.

The global nuclear reactor construction
market was valued at $34.13 billion in 2014 in terms of total
investment, as compared to $32.64 billion in 2013. It is poised to
grow more in the last quarter of 2015 due to rising interest from
independent companies in building their own nuclear technology.